The Salar del Diablo
Pre-drilling exploration covered 14% of the property that included 80 linear kilometers of a time domain electromagnetic survey, geochemical sampling, geological mapping and satellite imagery structural analysis. A 4,250 meter (about 14,000 feet), 12-hole drill program started on May 24, 2019 to intersect geophysical, geochemical, and geological targets. The drill program was terminated on June 13, 2019. As disclosed in the Company’s news release of July 11, 2019 and July 25, 2019, the initial five holes did not drill deep enough to test geophysical, geological or geochemical targets.
During August, 2019 Montgomery and Associates was appointed the new Operator. In October, 2019, OWL started a four hole drill program to reach a depth of 600 meters per hole. Diamond drill hole DDH-1 was drilled adjacent to the previous hole # 1 and DDH-2 was drilled 12 kilometers to the south and adjacent to the old hole # 11.
DDH-3’s location was recommended by Mike Rosko, from Montgomery & Associates, the Operator, because as previously reported “there is evidence of historic and currently active hydrothermal activity in the southern end of the property and near DDH-3’s location. Hydrothermal activity can be a source of lithium, such as in the Lithium Triangle in Chile and Argentina.